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Spain Will Need a Bail Out Sooner or Later: Expert

Tuesday, 29 May 2012 | 5:00 AM ET

Arnab Das, managing director at Roubini Global Economics, told CNBC, "A disorderly 'Grexit' could accelerate the process in Spain but even if we don't have something untoward in Greece I think part of the problem is that people are starting to get to grip with the fact that there is too much debt in Spain, it is not yet in the sovereign but that's where it's headed."